“Appropriate, thorough but rapid” permitting to drill for oil and gas should be in the deficit-cutting supercommittee’s final product, Chevron Corp.’s chairman and chief executive officer John Watson said Wednesday. Speaking to a small group of reporters after a speech at the Peterson Institute for International Economics, Watson said giving companies like his more and […]

The 12-member congressional “super committee” charged with cutting the U.S. budget deficit should open up the Arctic National Wildlife Refuge for drilling if it wants to raise revenue without hiking taxes, House Natural Resources Committee Chairman Doc Hastings said Wednesday. Speaking at a Capitol Hill event, the Washington Republican said boosting domestic oil and gas […]

Boosting oil and gas production in the United States could add 1.4 million jobs by 2030 and bring in more than $800 billion in government revenue, an industry-commissioned study released Wednesday found. The job-creation figure in the study by Wood Mackenzie assumes that federal areas now off-limits to development (including the Alaska National Wildlife Refuge) […]